Hogs down
Hog prices fell as the supply of market ready animals exceeded demand.
U.S. packer profits improved late last week as hog prices dipped but wholesale pork prices improved.
Iowa-southern Minnesota hogs delivered were US$57–$57.50 per hundredweight July 24, down slightly from $58 July 17.
U.S. hogs averaged $74.29 on a carcass basis July 24, down from $75.05 July 17.
The U.S. pork cutout rose to $84.66 per cwt. July 24, up from $82.42 July 17.
The estimated U.S. weekly slaughter for the week to July 25 was 2.107 million, up from 2.082 million the previous week.
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No special crop fireworks expected
farmers should not expect fireworks in the special crops market due to ample supplies.
Slaughter was 1.863 million last year at the same time.
Bison steady
The Canadian Bison Association said Grade A bulls in the desirable weight range sold at prices up to C$5.25 per pound hot hanging weight. U.S. buyers are offering US$4.25 with returns dependent on exchange rates, quality and export costs.
Lambs barely steady
Beaver Hill Auction in Tofield, Alta., reported 945 sheep and 97 goats sold July 20.
Wool lambs lighter than 54 lb. were $217-$250 per cwt., 55 to 69 lb. were $220-$245, 70 to 85 lb. were $205-$232.50, 86 to 105 lb. were $190-$210 and 106 lb. and heavier were $180-$190. Wool rams were $53-$115 per cwt. Cull ewes were $45-$130.
